Natwest increases cost of fixed rate deals

Natwest will be increasing its fixed rates across its core, semi-exclusive and buy to let ranges. On its core range two year fixed rates will be increasing by up to as much as 15 basis points depending on the loan to value (LTV). Five year fixed rates will also increase for 60 per cent and 95 per cent Loan To Value by only 1 basis point. This also includes increase for its Shared Equity and Help To Buy mortgages byt eh same level so 15 basis point on the two year fixed and 1 basis point on the five year fixed for purchases to 70 per cent and 75 per cent Loan to value.

Semi-exclusives (only available through certain channels) will see rises for five year fixed rates for both remortgages and purchases. The increase will be between one and six basis points depending on the on the deal.

Buy to let deals are heading upwards with the biggest rise on its five year fixed rates for Buy to let purchases. The increase is from six and 11 basis points for the purchase and two and three basis points for Buy to let remortgages.

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